Overview

• The latest annual report confines pension discussion to a summary of Airef’s projections instead of new forecasts.
• Escrivá argued that only the Independent Authority for Fiscal Responsibility has the rigorous capacity for long-term pension analysis.
• Ángel Gavilán resigned as director general of the Economics Directorate the day after presenting the annual report.
• The Plan Estratégico 2030 cuts the Economics Directorate’s sub-units from four to two and bolsters research capacity by dozens of staff.
• A new Barcelona Centre for Implementation and Technological Development will centralize AI services for all Bank of Spain departments.